What Is a Home Warranty & How it Can Save You Lots of Money

If you’ve purchased a home or are on the market for one, someone will mention the need for a home warranty policy.

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The big questions though are what they cover and whether or actually not you need one.

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What Is a Home Warranty?

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A home warranty is essentially an insurance policy that covers your home.

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Items covered under a home warranty include electrical systems, HVAC units, furnaces, and major appliances like your fridge, dishwasher, washer, and dryer.

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Home warranties can cost hundreds of dollars annually and often must be paid in full.

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– Best Overall: American Home Shield – Best Basic Plan: Choice Home Warranty – Best Value: Select Home Warranty

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Speak with your real estate agent to understand what’s preferred in your area and get feedback on what is popular amongst homeowners.

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